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Livermore
Livermore
ZHEN

Halpern Financial, Inc.

SEC CIK
0001994335
Latest filing
Oct 4, 2024

The latest 13F from Halpern Financial, Inc. covers Q3 2024 (filed Oct 4, 2024): 230 long positions worth $388.7M. The top 10 holdings make up 64.2% of the portfolio, and the largest is iShares S&P 500 Value ETF at 12.8%. Livermore has 15 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2024

Share counts compared with Q2 2024: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
31
Est. +$749.3K
Added
29
Est. +$13.2M
Reduced
41
Est. −$10.1M
Sold out
20
Est. −$551.2K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares S&P 500 Value ETF464287408
    12.8%$49.9M
  2. iShares Core S&P 500 ETF464287200
    8.5%$33.0M
  3. iShares MSCI USA Min Vol Factor ETF46429B697
    8.5%$33.0M
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    8.1%$31.4M
  5. iShares S&P 500 Growth ETF464287309
    5.8%$22.5M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Ftse Emerging Markets ETF922042858
    +$2.15MAdded
  2. Vanguard Morningstar Value ETF922908744
    +$1.82MAdded
  3. Vanguard Morningstar Small-Cap ETF922908751
    +$1.66MAdded
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +$1.51MAdded
  5. J P Morgan Exchange Traded F46641Q332
    +$1.34MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard Ftse Emerging Markets ETF922042858
    +0.76 pp3.9% → 4.7%
  2. Vanguard Morningstar Value ETF922908744
    +0.50 pp2.2% → 2.7%
  3. Vanguard Morningstar Small-Cap ETF922908751
    +0.45 pp3.0% → 3.5%
  4. State Street SPDR Portfolio Developed World Ex-US ETF78463X889
    +0.35 pp7.7% → 8.1%
  5. Schwab U.S. Mid-Cap ETF808524508
    +0.31 pp1.1% → 1.4%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$1.79MReduced
  2. Fidelity MSCI Health Care Index ETF316092600
    −$1.58MReduced
  3. iShares S&P 500 Value ETF464287408
    −$1.36MReduced
  4. Fidelity Covington Trust316092782
    −$1.14MReduced
  5. iShares MSCI USA Min Vol Factor ETF46429B697
    −$1.10MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Core S&P 500 ETF464287200
    −0.66 pp9.1% → 8.5%
  2. iShares S&P 500 Growth ETF464287309
    −0.53 pp6.3% → 5.8%
  3. Fidelity MSCI Health Care Index ETF316092600
    −0.42 pp0.9% → 0.5%
  4. Fidelity MSCI Information Technology Index ETF316092808
    −0.37 pp3.1% → 2.7%
  5. Fidelity Covington Trust316092782
    −0.35 pp2.8% → 2.4%

Metrics

13F metrics for Q3 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$388.7M
+$24.8M (+6.8%) vs. prior quarter
Positions
230
+11 vs. prior quarter
Top 10 concentration
64.2%
Top 10 as share of value
Turnover
2.8%
Q3 2024, one quarter
Average holding period
14.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $388.7M (Q3 2024)

Q1 2021: $206.6MQ2 2021: $212.4MQ3 2021: $215.8MQ4 2021: $233.7MQ1 2022: $271.2MQ2 2022: $256.4MQ3 2022: $252.6MQ4 2022: $272.8MQ1 2023: $278.1MQ2 2023: $292.0MQ3 2023: $289.7MQ4 2023: $322.0MQ1 2024: $344.4MQ2 2024: $364.0MQ3 2024: $388.7M
Q1 2021Q3 2024
13F filings of Halpern Financial, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2024Oct 4, 2024230$388.7MiShares S&P 500 Value ETFiShares Core S&P 500 ETFiShares MSCI USA Min Vol Factor ETFvs. Q2 2024SEC
Q2 2024Jul 9, 2024219$364.0MiShares S&P 500 Value ETFiShares Core S&P 500 ETFiShares MSCI USA Min Vol Factor ETFvs. Q1 2024SEC
Q1 2024Apr 9, 2024210$344.4MiShares S&P 500 Value ETFiShares Core S&P 500 ETFiShares MSCI USA Min Vol Factor ETFvs. Q4 2023SEC
Q4 2023Jan 19, 2024250$322.0MiShares S&P 500 Value ETFiShares MSCI USA Min Vol Factor ETFiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 10, 2023211$289.7MiShares S&P 500 Value ETFiShares MSCI USA Min Vol Factor ETFiShares Core S&P 500 ETFvs. Q2 2023SEC
Q2 2023Sep 21, 2023251$292.0MiShares S&P 500 Value ETFiShares MSCI USA Min Vol Factor ETFiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023Sep 21, 2023180$278.1MiShares S&P 500 Value ETFiShares MSCI USA Min Vol Factor ETFiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Sep 21, 2023197$272.8MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFiShares Core S&P 500 ETFvs. Q3 2022SEC
Q3 2022Sep 21, 2023213$252.6MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFiShares Core S&P 500 ETFvs. Q2 2022SEC
Q2 2022Sep 21, 2023317$256.4MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFiShares Core S&P 500 ETFvs. Q1 2022SEC
Q1 2022Sep 21, 2023223$271.2MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFiShares Core S&P 500 ETFvs. Q4 2021SEC
Q4 2021Sep 21, 2023248$233.7MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFiShares S&P 500 Growth ETFvs. Q3 2021SEC
Q3 2021Sep 21, 2023254$215.8MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFiShares S&P 500 Growth ETFvs. Q2 2021SEC
Q2 2021Sep 21, 2023244$212.4MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFFidelity MSCI Information Technology Index ETFvs. Q1 2021SEC
Q1 2021Sep 21, 2023249$206.6MiShares MSCI USA Min Vol Factor ETFiShares S&P 500 Value ETFFidelity MSCI Information Technology Index ETF–SEC